Investor Presentaiton
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Madrid's economy is set to recover more strongly than the national
average at the end of 2021
The Madrid economy grew by 6.5% in 2021, in contrast to the fall recorded in 2020.
This was mainly driven by household consumption, which grew by 8.3% compared to the sharp fall of 13.6% YoY in 2020.
The recovery in investment, with a significant rebound in non-residential investment, is notable.
The boost to economic growth in the Comunidad de Madrid during 2021 and the first and second quarter of 2022 has mostly
been driven by the contribution of regional demand (3.3% YoY), in contrast to the slightly contribution of external demand
(2.3% YoY).
Contribution to YoY GDP Growth
YoY growth of regional demand and its
components in Q22022 (%)
25,0
20,0
15,0
10,0
5,0
0,0
-5,0
-10,0
-15,0
-20,0
-25,0
3,3
2,3
3,30%
2018
2019
2020
2021
2022
1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T
2017
-Regional demand contribution
-External demand contribution
7,60%
2,50%
3,0%
1,1%
Households
Regional demand
Investment
Final consumption
expenditure
AAPP and
ISF LSH
Source: IECM
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